Tashkent (TDI): Uzbekistan’s international reserves reached a historic high of $66.3 billion as of January 1, 2026, marking a surge of $25.1 billion over 2025, the Central Bank of Uzbekistan reported.
This 61% year-on-year increase was largely driven by rising global gold prices, though foreign currency reserves also saw notable growth.
In December alone, the country’s gold and foreign exchange reserves climbed by $5.08 billion, an 8.3% increase compared to the previous month.
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This represents the highest level of reserves since the Central Bank began publishing official data in 2013.
Gold accounted for the bulk of the increase. The value of Uzbekistan’s gold holdings rose by more than $4.23 billion in December, reaching $55.09 billion.
The physical volume of gold also expanded, growing from 12.2 million to 12.6 million troy ounces, an addition of 0.4 million ounces in a single month.
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Earlier in 2025, Uzbekistan took a unique approach compared with global trends. While most central banks were increasing their gold reserves, the World Gold Council reported in September that Uzbekistan recorded net gold sales, temporarily reducing its holdings during that period.
